Mastering TRID: Navigating Loan Estimates & Changed Circumstances

Alert for Loan Officers: Learn the critical skills to handle loan changes! Join us for a must-attend webinar on issuing revised Loan Estimates for valid changed circumstances. Don't miss out on this opportunity to learn how to address and handle changes during the loan application process, reset tolerances, and avoid costly cures. Sign up now!

Recorded Monday,
April 3rd, 2023
Presented by Molly Stull
1h 30m total length
2 CRCM Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Compliance
  • General Compliance
  • Lending
  • Lending Compliance
  • Mortgage Lending
  • Compliance Officer
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender

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Change happens in every aspect of our life, and the mortgage loan process is no exception. Changes happen for a variety of reasons. Whether they are initiated by the borrower or information relied on by the lender was changed or was inaccurate, your bank must be prepared to recognize opportunities to issue a revised Loan Estimate that enables critical tolerance levels to be reset as a result of a valid changed circumstance.

Join us as we review what defines valid TRID changed circumstances and how to issue a revised Loan Estimate in a timely manner. Loan file documentation is critical to support the reason for the change and to clearly identify the fees that were directly impacted as a result of the situation. This webinar is designed to ensure that you are prepared to capture this opportunity to issue a revised Loan Estimate and properly support the lender’s reaction to a change.

What You'll Learn

  • Recognize valid changed circumstances which permit the issuance of a revised Loan Estimate
  • Determine when a revised Loan Estimate must be issued
  • Distinguish when a revised disclosure was issued for informational purposes
  • Explain the timing requirements associated with a valid changed circumstance
  • Develop documentation to support resetting baselines for tolerance testing
  • Importance in documenting the fees impacted as a result of the changed circumstance

Who Should Attend

This webinar is designed for mortgage lenders, loan processors, loan review staff, auditors, and compliance officers.

Molly Stull

Instructor Bio

Molly began her banking career on the teller line while working on her undergraduate degree and has continued working in the financial industry ever since. Some of her experience includes roles in operations, business resumption planning, consumer compliance, and conducting audits. Her favorite role is ensuring that her audience, whether on the sports field or in the financial industry, understands the "why" behind the rule. Her wealth of financial knowledge and her numerous years of experience enable her to relate the material to the audience.

Continuing Education Credit Information

Mastering TRID: Navigating Loan Estimates & Changed Circumstances has been approved for 2 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.